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obama's unlikely negotiator, read the headlines. another wrote that mr. geithner plans to step down in january and the fact that he selected him shows how much the president has come to rely on him. >> the huffington post if you were to go to their website has this to add to their story about the proposal itself from tim geithner saying the proposal wasn't new. that have it was presented earlier this month by the president at the white house. host: so again, to reiterate what the proposal is. and like i said, over the course of the next half-hour we'll show you highlights. but it called for $1.6 trillion in new revenues and an extension of the social security tax, one-year deferral of sequest vacation and stimulus spending with at least $50 billion in the first year an increase in the debt limit that would change the law for congressional approval. we'll show you more but let's hear from you. duluth, minnesota. hello. caller: good morning. thanks for taking my call. my comment is about the fiscal cliff and social security, i don't really think that social
obama's unlikely negotiator, read the headlines. another wrote that mr. geithner plans to step down in january and the fact that he selected him shows how much the president has come to rely on him. >> the huffington post if you were to go to their website has this to add to their story about the proposal itself from tim geithner saying the proposal wasn't new. that have it was presented earlier this month by the president at the white house. host: so again, to reiterate what the proposal...
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president obama has outlined a realistic basis for negotiations to continue. we will based our efforts on that approach. the recent conflict in gaza is the latest reminder that the absence of peace risks the presence of war. we urged those who share our hopes for peace between a sovereign palestine into a secure israel to join us in supporting negotiations, not as encouraging further distractions. there are no shortcuts. long after the votes have been cast, long after the speeches have been forgotten, it is the palestinians and the israelis who must still talk to each other and listen to each other. , and find a way to live side by side in the land they share. thank you, mr. president. [applause] >> president obama travels to pennsylvania friday to talk about his plan to avoid the fiscal cliff. the event is part of the white house's effort to cut public support to end the bush era tax cuts for incomes on $250,000 and above. it will be shown at noon eastern on c-span 3. >> washington worked his way up and went to harvard law school. he emigrated out west to the
president obama has outlined a realistic basis for negotiations to continue. we will based our efforts on that approach. the recent conflict in gaza is the latest reminder that the absence of peace risks the presence of war. we urged those who share our hopes for peace between a sovereign palestine into a secure israel to join us in supporting negotiations, not as encouraging further distractions. there are no shortcuts. long after the votes have been cast, long after the speeches have been...
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as president obama and congressional leaders continue to negotiate ways to avoid the fiscal cliff, the congressional black caucus will adhere to the following principles in considering its support of any agreement. first, we must protect our social safety net. social security should be completely off the negotiating table since it doesn't add to the deficit. additionally, the congressional black caucus will oppose any plans that changes eligibility for medicare. investments in job training, education, health care, transportation and infrastructure should not be cut to pay for the extension of any of the bush-era tax cuts. these vital government investments are critical to our nation's short-term recovery and long-term economic prosperity. the simpson-bowles commission set a goal of $4 trillion in deficit reduction over the next decade. considering that goal, $1.5 trillion in cuts have already been agreed to through the spending caps in the budget control act of 2011. nondefense discretionary spending as a percentage of g.d.p. is at a 50-year low. additional savings through military ope
as president obama and congressional leaders continue to negotiate ways to avoid the fiscal cliff, the congressional black caucus will adhere to the following principles in considering its support of any agreement. first, we must protect our social safety net. social security should be completely off the negotiating table since it doesn't add to the deficit. additionally, the congressional black caucus will oppose any plans that changes eligibility for medicare. investments in job training,...
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democrats from president obama to our senate candidates on down built their campaigns around the idea that budgets have to work for our middle class and that the wealthy need to pay their fair share. republicans were clear too their to protect the wealthny and it was rejected. the american people voted for the candidates who committed to fighting for the middle class and in exit polls they agree that the wealthy have to participate and pay their fair share. here we are at the end of the year and it's encouraging to hear some of the republicans soften on taxes on the rich. before the election republicans proudly fought to protect the rich from paying a penny more in taxes. grover nor quist ruled the day. but that election is over and we are hearing republicans renounce that once sacred pledge. we are hearing them talk about putting revenue on the table and about compromise which and we heard from one conservative republican that the house pass the bill to extend the tax cuts to 98% of the workers and 97% of the small business owners and then have a debate about tax cuts for the rich af
democrats from president obama to our senate candidates on down built their campaigns around the idea that budgets have to work for our middle class and that the wealthy need to pay their fair share. republicans were clear too their to protect the wealthny and it was rejected. the american people voted for the candidates who committed to fighting for the middle class and in exit polls they agree that the wealthy have to participate and pay their fair share. here we are at the end of the year...
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barack obama, this is a really different negotiating posture and position that he is starting from. if we look back to that horrible debt ceiling fiasco from last summer in 2011, i think we all remember how bleak that was that obama started his negotiating position really from a place that met the republicans more than halfway so he was going to be bound to end up meeting them in the final analysis. which is what happened. it was demoralizing. now, after re-election, he has been obviously very embowdenned. he's put forth something -- it is clear they won't accept it. they won't wake up tomorrow morning and think they want more stimulus spending. this is a strong move. >> eliot: it is exactly right. really, the president is almost moving away from the republicans because the stimulus package which he put into this, the tim geithner took up to the hill today has not been part of the conversation so far. he's almost saying look, guys, we've got a jobs crisis. you're all talking about an austerity crisis. i'm shifting the debate. i want to stimulate the economy. this adds a new dimensio
barack obama, this is a really different negotiating posture and position that he is starting from. if we look back to that horrible debt ceiling fiasco from last summer in 2011, i think we all remember how bleak that was that obama started his negotiating position really from a place that met the republicans more than halfway so he was going to be bound to end up meeting them in the final analysis. which is what happened. it was demoralizing. now, after re-election, he has been obviously very...
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we're used to obama negotiating from a position of compromise first. this is clearly -- >> that's just not true. that's nonsense. >> this is the important part. >> no, that's nonsense. >> this is the important part. >> i've been hearing since the election, oh, the president has to be tougher this time. where was everybody the first two years of his presidency where he shoved his health care plan down republicans' throat? he made sure he got it without a single vote. is that compromise? >> i don't want to get sidetracked -- i could, i guess. with respect to this, though, it seems pretty clear to me that what we're going to end up have happening here is that republicans now will come back and say one of two things. one, rip all the stimulus out of this proposal, and that includes mortgage relief, the $50 billion that you talked about. that includes all the additional spending in there. and then we can start talking. or two, let's get that $1.6 trillion in tax hikes down closer to $800 billion in tax hikes. and either way, boehner gets to go back to his c
we're used to obama negotiating from a position of compromise first. this is clearly -- >> that's just not true. that's nonsense. >> this is the important part. >> no, that's nonsense. >> this is the important part. >> i've been hearing since the election, oh, the president has to be tougher this time. where was everybody the first two years of his presidency where he shoved his health care plan down republicans' throat? he made sure he got it without a single...
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. >>> reporter: president obama dispatched his chief negotiator tim geithner to capitol hill to work on a "fiscal cliff" deal. house speaker john boehner came out of his meeting with the treasury secretary demanding the white house get serious about spending cuts. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> reporter: if a compromise isn't reached soon, automatic tax hikes and steep budget cuts will kick in january 1. geithner moved from one end of the capitol to the other encouraging lawmakers to sign off on an extension of middle class tax cuts now. democrats say their position is clear and they want a serious offer from republicans. >> the american people want us to avoid the "fiscal cliff" with a balanced approach. >> reporter: geithner is here in the halls of congress trying to clear some big hurdles with republicans. once a deal is closer president obama will take over the talks. so far independent senator joe lieberman is not encouraged. >> if we go over the cliff it's going to send the country back int
. >>> reporter: president obama dispatched his chief negotiator tim geithner to capitol hill to work on a "fiscal cliff" deal. house speaker john boehner came out of his meeting with the treasury secretary demanding the white house get serious about spending cuts. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> reporter: if a compromise isn't reached soon, automatic tax hikes and steep budget...
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the nicer gentler barak obama who did closed-door negotiations who was always greeted by members of congress with obstructionism that is gone with the majority of americans voting for him. he came out and said give me a proposal. if you want to limit tax deductions tell me what it is you want to limit. if you want to reduce entitlements, tell me how we're going to do that. if we're going to raise taxes or cut spending, tell me how we're going to do this because i've got the american public on my side. >> jennifer: i totally agree with that. i hear he's not cutting enough in this proposal, but in the last campaign he was cutting too much, oh my god. shouldn't the republicans in congress be called out on that hypocrisy, at least by the main treatment media? >> one of the things that think they're going to be cognitive of, they don't have time to change their image with the american public. there is the argument that house and republicans were re-elected, but i think it's clear that the american public did not vote for dysfunction. they want the american government to function. that's the reaso
the nicer gentler barak obama who did closed-door negotiations who was always greeted by members of congress with obstructionism that is gone with the majority of americans voting for him. he came out and said give me a proposal. if you want to limit tax deductions tell me what it is you want to limit. if you want to reduce entitlements, tell me how we're going to do that. if we're going to raise taxes or cut spending, tell me how we're going to do this because i've got the american public on...
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i think lots of democrats on the hill felt that in the past president obama has negotiated with himself rather than forced the republicans to come forward with their own deal, and republicans have yet to come forward with a deal. martha: that's a fair point. >> what the president's staff said yesterday, was, you know the president has already had a trillion dollars in cuts made under his terms. he wants to see from the republicans if they are willing to do something significant in terms of those revenue increases. we had the broad outlines of a possible deal, because what speaker of the house john boehner said he wants in the neighborhood of 400 billion. obama is asking for 1.6 trillion. you can see somewhere in the middle as a possible negotiating or compromise point. >> we should remind everybody the president has been talking about entitlement reform for four years. "the washington post" reminded them this might ab good time to lead because you're the president. martha: it feels like there is a real opportunity here for some history-making leadership and we'll see if we get it. thank
i think lots of democrats on the hill felt that in the past president obama has negotiated with himself rather than forced the republicans to come forward with their own deal, and republicans have yet to come forward with a deal. martha: that's a fair point. >> what the president's staff said yesterday, was, you know the president has already had a trillion dollars in cuts made under his terms. he wants to see from the republicans if they are willing to do something significant in terms...
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what they negotiate, it's fine with me. they just need to bring alan home and we're really advocating strongly president obama get himself involved in this to get him home. >> judy gross, thank you very much. >> you're welcome. >> and who's going to blink first in the fiscal cliff negotiations? our friday political package up next. first, the first dog is getting into the holiday spirit. the white house released video of bo making an inspection of this year's holiday decoration while the toy rep ply caf -- replica of boy stopped him in his tracks. ride to mouth fun-town. but it's not like everyone is going to break into a karaoke jam session. ♪ this will literally probably never happen. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's
what they negotiate, it's fine with me. they just need to bring alan home and we're really advocating strongly president obama get himself involved in this to get him home. >> judy gross, thank you very much. >> you're welcome. >> and who's going to blink first in the fiscal cliff negotiations? our friday political package up next. first, the first dog is getting into the holiday spirit. the white house released video of bo making an inspection of this year's holiday...
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can we expect to see a different obama? it struck me that the one thing he's not that good at actually is negotiating. if you compare him to somebody like bill clinton, i remember interviewing both president clinton and also newt gingrich. after a few early skirmishes which led to big problems, they then sort of got a new system together where they would get in a room, chuck all the advisors out and get stuff done. i just can't imagine that happening with barack obama and john boehner. they just seem complete polar opposites. >> as you suggested, obama doesn't really have an appetite for this sort of thing. we saw that last time around and if you read bob woodward's "the price of politics" it's one of the themes that comes through loud and clear. he's doing some things differently this time, though and one thing that i think is very interesting, he's taking his case to the american people and doing it day after day. all of us have talked on this show and other places about how bad the president has been in the past on selli
can we expect to see a different obama? it struck me that the one thing he's not that good at actually is negotiating. if you compare him to somebody like bill clinton, i remember interviewing both president clinton and also newt gingrich. after a few early skirmishes which led to big problems, they then sort of got a new system together where they would get in a room, chuck all the advisors out and get stuff done. i just can't imagine that happening with barack obama and john boehner. they...
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with israel. >>> president obama and mitt romney had a private lunch at the white house today. we know what they ate but no specifics about their conversation. the get together marked their first meeting since facing off in the third presidential debate. the menu included turkey chilly and southwestern grilled chicken saeid. the former rivals posed for an official autograph in the oval office. much of the hour long conversation focused on america's leadership in the world. >>> meanwhile, president obama sent vice president biden to do some christmas shopping, sort of. he went to a suburban costco to talk about the fiscal cliff and tax cuts. he took photos with shoppers, chatted up the staff and was followed around the store by a huge crowd. his favorite part, like many of us who go to costco, all those free samples. he did get around to talk tax cuts. >> i think it's important that congress acts now. i mean, right now. all that needs to be done is extend the middle class tax cut. >> he bought cookies, children's books, an apple pie and a 32 inch tv. he declined an offer to buy
with israel. >>> president obama and mitt romney had a private lunch at the white house today. we know what they ate but no specifics about their conversation. the get together marked their first meeting since facing off in the third presidential debate. the menu included turkey chilly and southwestern grilled chicken saeid. the former rivals posed for an official autograph in the oval office. much of the hour long conversation focused on america's leadership in the world. >>>...
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. >>> president obama dispatched his chief negotiator to capitol hill to work on a deal to avoid the "fiscal cliff." today treasury secretary tim geithner met with house and senate leaders. republicans came out of that meeting saying that the white house needs to get serious about spending cuts. >> it's time for the president, congressional democrats to tell the american people what spending cuts they are really willing to make. >> let's give a christmas present to the american people. and all we're saying is, we're willing to make the cuts. >> coming needs to reach an agreement in the next few weeks in order to avoid a series of automatic tax hikes and spending cuts in january. >>> oh, to be a fly on the wall on this one. president obama and mitt romney met privately at the white house today to chew over the nation's economic issues. it was the first time they have been together face to face since their contentious campaigns. cbs reporter tara mergener on the political power lunch. >> reporter: mitt romney got out of an suv and walked into the white house alone. the former republica
. >>> president obama dispatched his chief negotiator to capitol hill to work on a deal to avoid the "fiscal cliff." today treasury secretary tim geithner met with house and senate leaders. republicans came out of that meeting saying that the white house needs to get serious about spending cuts. >> it's time for the president, congressional democrats to tell the american people what spending cuts they are really willing to make. >> let's give a christmas present...
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obama sends his chief negotiator. >> treasury secretary tim geithner. >> who was on capitol hill right now. >> reaching out to capitol hill. >> the push is on to get a deal. >> no substantive progress has been made in the talks. >> literally no progress. >> bad news, bad news, bad news. >> this is the moment of posturing. >> a lot of posturing. >> until we hear good news. >> the framework of the deal is beginning to emerge. >> i'll do whatever it takes to get this done. >> we have a debt crisis. >> i'll do anywhere and do whatever it takes. >> all eyes on the white house. >> they're going to get right up to cliff on new year's eve. we're all going to be hugging cliff. >> it's like when a fish show starts. the crowd -- >> i hope nobody catches that reference. >> all eyes on the white house. >> together again. >> what's his name? >> table for two. >> don't help me, don't help me. >> mr. romney goes to washington. >> mitt romney makes his way to the white house. >> the political power lunch of 2012. >> it's not exactly the way he wanted to get there. >> president obama and mitt romney mee
obama sends his chief negotiator. >> treasury secretary tim geithner. >> who was on capitol hill right now. >> reaching out to capitol hill. >> the push is on to get a deal. >> no substantive progress has been made in the talks. >> literally no progress. >> bad news, bad news, bad news. >> this is the moment of posturing. >> a lot of posturing. >> until we hear good news. >> the framework of the deal is beginning to emerge....
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president obama sent his top negotiator to the treasury secretary. tim geithner to capitol hill today. he met with leaders of both parties. republicans say they made no progress. and surprise, each party blames the other. >> the democrats have yet to get serious about real spending cuts. and, secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> republicans know where we stand. we have said it, we have said it, we have said it so many times the president said the same thing. it's been weeks, at least two weeks since we met at the white house and are still waiting for a serious offer from the republics. >> shepard: after his meeting with secretary geithner the senate minority leader mitch mcconnell said of administration officials quote today they took a step backward moving away from consensus and closer to that cliff. ed henry is live at the white house for us tonight. ed we are getting new information about what tim geithner put on the table today at the hill. >> breaking toni
president obama sent his top negotiator to the treasury secretary. tim geithner to capitol hill today. he met with leaders of both parties. republicans say they made no progress. and surprise, each party blames the other. >> the democrats have yet to get serious about real spending cuts. and, secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> republicans know where we stand. we have said it, we have said it,...
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. >> president obama got his wish, rather than negotiating with republicans he was hamering them. back on the campaign trail in a factory that makes angry bird toys. >> it's not accept to believe me and i don't think it's acceptable for you for republicans in congress to hold middle class tax cuts hostage because they don't want the tax rates on the upper income folks to go up. >> within minutes, john boehner fired back the talks are on life support. >> let's not kid ourselves. >> boehner ripped the president for sending treasury secretary ti tim geithner to capitol hill with a proposal that led mitch mcconnell literally burst out laughing. >> the white house took three weeks to respond with any kind of proposal. and much to my disappointment, it wasn't a serious one. >> their beef is the president campaigned on $800 billion in tax increases by ending the bush tax cuts for the wealthy. but is now proposing double that. $1.6 trillion. by adding tax hikes on dividends and capital gains. plus, the white house wants $50 billion in new spending next term alone in long term deal about c
. >> president obama got his wish, rather than negotiating with republicans he was hamering them. back on the campaign trail in a factory that makes angry bird toys. >> it's not accept to believe me and i don't think it's acceptable for you for republicans in congress to hold middle class tax cuts hostage because they don't want the tax rates on the upper income folks to go up. >> within minutes, john boehner fired back the talks are on life support. >> let's not kid...
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a big laugh in your face rejection from republicans over the obama administration's opening negotiation on the fiscal cliff. we're going to take to steny hoyer about what this means for talks from here. and he's defending susan rice and his fellow republicans hammer away at her. former presidential candidate ambassador jon huntsman is going to join us to explain all this. and the best part about this, abby huntsman, his daughter, is going to be on the panel. kind of like their first joint appearance. we're saying ever. we have to fact check that. but we're making history this morning. plus russell simmons bringing art to kids in urban areas. why he's so passion about this cause. and this is a picture everyone on the planet is talking about. the cop who warmed the hears of everyone who's seen this photo, he's going to join us. that and much more coming up on "starting point." it's like 15 minutes away. it's friday. what could be better? >> that is a sharpie, not a pen. thought i'd correct you. >> 44 minutes past the hour. people on the west coast bracing for the threat of flooding and mu
a big laugh in your face rejection from republicans over the obama administration's opening negotiation on the fiscal cliff. we're going to take to steny hoyer about what this means for talks from here. and he's defending susan rice and his fellow republicans hammer away at her. former presidential candidate ambassador jon huntsman is going to join us to explain all this. and the best part about this, abby huntsman, his daughter, is going to be on the panel. kind of like their first joint...
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coming up at 11:00, president obama briefs the nation on the ongoing fiscal cliff negotiations. we will hear from the commander in chief. >>> we will let you know why the picture of the new york city police officer and the homeless man has gone viral on the worldwide web. [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing at&t u-verse high speed internet with more speed options, reliability and wi-fi hot spots than ever. call at&t now to get u-verse high speed internet for as little as $14.95 a month for 12 months with a one-year price guarantee. it's the fastest internet for the price. our newly expanded advanced digital network gives you more of what you enjoy online. and with at&t, our wireless gateway turns your home into a private wi-fi hot spot that connects your wi-fi devices and can even save on your smart phone data usage at home. so call now to get at&t u-verse high speed internet for just $14.95 a month for 12 months with a one-year price guarantee. that includes access on
coming up at 11:00, president obama briefs the nation on the ongoing fiscal cliff negotiations. we will hear from the commander in chief. >>> we will let you know why the picture of the new york city police officer and the homeless man has gone viral on the worldwide web. [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing at&t u-verse high speed internet with more speed options,...
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president obama's insistence that any deal include higher tax rates for high-income earners. we asked wyatt andrews to tell us how that might affect small businesses. >> so we need a couple of boxes for these. >> reporter: kevin green owns two flower and gift shops in alexandria, virginia, and he says raising taxes on the wealthy won't just hurt him. it will hurt his workers and the economy. >> all you do is reduce the capital available for investment and employment. >> reporter: small business owners typically report business income on their personal taxes. in a good year, green's income will exceed $250,000, making him one of the taxpayers the president says should pay more. in his case, an estimated $8,000 more. what's the economic downside to asking eight more thousand dollars for you? >> i don't have $8,000 to spend on those employees or that inventory or the business that draws customers. >> reporter: by congressional estimates there are some 941,000 high-income small businesses. the president says that number includes truly rich small firms like hedge funds, but when r
president obama's insistence that any deal include higher tax rates for high-income earners. we asked wyatt andrews to tell us how that might affect small businesses. >> so we need a couple of boxes for these. >> reporter: kevin green owns two flower and gift shops in alexandria, virginia, and he says raising taxes on the wealthy won't just hurt him. it will hurt his workers and the economy. >> all you do is reduce the capital available for investment and employment. >>...
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president obama saying i will ignore all of your requests. they are all mine on the table. you supposed to come back, the republicans and be, bring something to the negotiating table. it's ridiculous. >> eric: this is a negotiating point. >> bob: i want to know the increase in the upper tax rate bothers you so much. >> dana: it's bad policy. >> it is political revenge. pays for 8.5 days for government spending. you don't get anything except for lower productivity of people you ask to create more jobs. that is why. >> he can final it in his base. that is why he is proposing more spending. >> brian: incredible. to see him campaign with tinker toys and angry birds makes us think it's another 4-1/2 years instead of rolling up the sleeves and get the deal done. he goes to pennsylvania -- >> andrea: a small business. which is so ironic. the same group of businesses that are hit hardest by the tax increase. >> eric: i don't know if we outlined the deal that geithner proposed. $1.6 trillion. $1.6 trillion in the tax hikes. that's what he says. they are $1 trillion off on that. not
president obama saying i will ignore all of your requests. they are all mine on the table. you supposed to come back, the republicans and be, bring something to the negotiating table. it's ridiculous. >> eric: this is a negotiating point. >> bob: i want to know the increase in the upper tax rate bothers you so much. >> dana: it's bad policy. >> it is political revenge. pays for 8.5 days for government spending. you don't get anything except for lower productivity of...
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obama has no real role to play in these negotiations at this point -- >> the a nall sis you read, it comes down to john boehner and president obama. i will reed an excerpt from pegeny noonan in the "wall street journal" would disagree with melissa this is not the old-school politic s yore. beggy writes -- when fire logs burned without fire starters and apple pies were baked in everybody's home. >> not sold in costco. >> if only everything could be like ronald reagan. >> and tip o'neill. >> the thing is, and i think it is true that -- i know peggy noonan likes the grand er and everything grand, but the senate isn't so relevant. this being a budget and tax bill they can do reconciliation. this is a house problem. the difference is that tip o'neill actually had influence with his caucus. john boehner has precious influence with the part of his caucus the most recalcitrant on these issues. in the current lame duck congress john boehner still has the same problem, resistant people who will not go along with a deal so the question is, whether or not he can deliver even the 20 or 25 votes h
obama has no real role to play in these negotiations at this point -- >> the a nall sis you read, it comes down to john boehner and president obama. i will reed an excerpt from pegeny noonan in the "wall street journal" would disagree with melissa this is not the old-school politic s yore. beggy writes -- when fire logs burned without fire starters and apple pies were baked in everybody's home. >> not sold in costco. >> if only everything could be like ronald reagan....
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obama put this proposal out there so that republicans would have a chance to negotiate with him. he started with this outrageous proposal and look at what we have been able to negotiate. $1.6 trillion in tax increases down to under a trillion dollars. something like that. but there is other thinking that the president simply is not serious -- but he that he wants to go over the cliff and force in 2013, early 2013, put forward after tax rates go up on everyone -- turn around and proposed tax propose tax cuts for those making $250,000 or less p year. and voting against tax cuts for the middle-class. it depends on where you said as to how you see these negotiations playing out right now. megyn: but the white house has maintained in private even to progressive groups, but it does not want to go out thecal cliff. if you believe that? >> it's hard to imagine that the president would want to send the economy into another recession. that would be a terrible start to his second term and it would cripple the rest of the spectrum. everything else that he would want to do. it would seem a bi
obama put this proposal out there so that republicans would have a chance to negotiate with him. he started with this outrageous proposal and look at what we have been able to negotiate. $1.6 trillion in tax increases down to under a trillion dollars. something like that. but there is other thinking that the president simply is not serious -- but he that he wants to go over the cliff and force in 2013, early 2013, put forward after tax rates go up on everyone -- turn around and proposed tax...
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jon: republicans responding to president obama's opening bid in the fiscal cliff negotiations, what one senior g.o.p. source on capitol hill told fox news and what it could mean for the economy and your paycheck. plus, palestinians take to the streets after a historic vote at the u.n., new reaction from the middle east in a live report next. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. jenna: just in, new reaction in the middle east now to what happened yesterday. here is what it looked like in the west bank last night and in gaza as well. this is the type of video we saw in reaction to the u.n.'s vote granting palestinians nonmember observer state status. so that is the reaction there. there is certainly reaction out of israel as well. reaction from the united states. david lee miller is live in jerusalem with the latest on what this all means. david lee? >> reporter: jenna, hours after the controversial v
jon: republicans responding to president obama's opening bid in the fiscal cliff negotiations, what one senior g.o.p. source on capitol hill told fox news and what it could mean for the economy and your paycheck. plus, palestinians take to the streets after a historic vote at the u.n., new reaction from the middle east in a live report next. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! oh, sir. that is a customer. oh...sorry...
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in fact, house speaker john boehner today said that these negotiations are essentially in a stalemate. president obama as you know hit the road, went to hatfield, pennsylvania to take his case to the people of pennsylvania. trying to put pressure on republicans to get on board with his plan to increase taxes on the wealthiest americans. he made his case at a toy maker there and exceptionally said that if lawmakers can't get a deal done by the first of the year, taxes will go up on middle class americans by about $2,000. that will be bad for middle class americans and also bad for businesses like connects toy maker which is where he spoke a little earlier on today. especially as we enter the busy holiday shopping season. here is a little more of what president obama had to say today. take a listen. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. every family. everybody here, you'll see your taxes go up on january 1st. i mean, i'm assuming that doesn't sound too good to you. that's sort of like the lump of coal you get
in fact, house speaker john boehner today said that these negotiations are essentially in a stalemate. president obama as you know hit the road, went to hatfield, pennsylvania to take his case to the people of pennsylvania. trying to put pressure on republicans to get on board with his plan to increase taxes on the wealthiest americans. he made his case at a toy maker there and exceptionally said that if lawmakers can't get a deal done by the first of the year, taxes will go up on middle class...
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boehner grand bargain that was negotiated and almost done in the summer of 2011. the fact that we couldn't make that deal then i think's a tragedy for the country. one of the thing's it did was lead to that aaa downgrading. that was unnecessary. >> let me just follow up on this point of what republicans should accept. you said you'd go back to the clinton era tax rates if you could get the spending that went with it. there are some in the republican party like congressman tom cole congress them saying let's just do that. let the rates go up for those at the top, then wait and negotiate. is there anything about that that you think could make sense? >> that's not a negotiation. the president's not going to then lower those rates. >> that might be a capitulation. >> yeah, it is a capitulation. the president thinks he's got all the cards. the republicans position improves at the beginning of the year and frankly, there are a number of people coming back, people who contributed to this mess and i'm not sure as a citizen i want them to be the ones who fix it. >> aren't
boehner grand bargain that was negotiated and almost done in the summer of 2011. the fact that we couldn't make that deal then i think's a tragedy for the country. one of the thing's it did was lead to that aaa downgrading. that was unnecessary. >> let me just follow up on this point of what republicans should accept. you said you'd go back to the clinton era tax rates if you could get the spending that went with it. there are some in the republican party like congressman tom cole...
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calls for direct negotiations. we have seen this in the wake of the reaction. prime minister netanyahu said this is not a vote for peace. the challenge is getting the two sides back to the table in to direct negotiations. that has been rendered more difficult in the short term. >> and what of the struggle against hamas? >> in the short term, it is an effort to show that his diplomatic efforts do produce something. but the question is, how long will be announced last? i suspect it will not last long. >> outrageous and wreaking havoc, those are some of the descriptions of britain's newspapers. it was triggered by the phone hacking scandal. lord justice levenson has called for a new regulatory body to police the press. the bbc reports. >> it is the most comprehensive study of the british press ever cared goucher based on mesut -- the testimony of hundreds of witnesses, many of whom -- of the british press ever. based on the testimony of hundreds of witnesses. with its power and influence can responsibilities. unfortunately -- >> on too many occasions, those respon
calls for direct negotiations. we have seen this in the wake of the reaction. prime minister netanyahu said this is not a vote for peace. the challenge is getting the two sides back to the table in to direct negotiations. that has been rendered more difficult in the short term. >> and what of the struggle against hamas? >> in the short term, it is an effort to show that his diplomatic efforts do produce something. but the question is, how long will be announced last? i suspect it...
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>>> president obama makes his opening bid in the debt negotiations -- >> last call. 1,200. >> -- but republicans are not buying. >> would the gentleman please cooperate. >> what will it take to bring the two sides together to avoid the fiscal cliff? judd gregg and ed rendell will join us the co-chairs of the fix the debt campaign. >> venture capital fund behind clout. third hour of "squawk box" will begin right now. ♪ ♪ i have never seen anyone looking so fine ♪ >>> welcome back to "squawk box" here on cnbc. first in business worldwide. i'm joe kernan along with becky quick and steve liesman. andrew ross sorkin is being waited on right now by staff somewhere in a third world country. guest host this morning, 1 percenters do when on vacation. our guest this morning, even at ceo has not been treated -- served like this, i don't think. larry, former chairman and ceo of honeywell and cnbc contributor. more from larry in just a minute. steve has your headlines. did you hear about this place? >> i didn't hear about it. i really want to know. you vice president told me in the break an
>>> president obama makes his opening bid in the debt negotiations -- >> last call. 1,200. >> -- but republicans are not buying. >> would the gentleman please cooperate. >> what will it take to bring the two sides together to avoid the fiscal cliff? judd gregg and ed rendell will join us the co-chairs of the fix the debt campaign. >> venture capital fund behind clout. third hour of "squawk box" will begin right now. ♪ ♪ i have never seen...
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i think barack obama is showing a different side of negotiation than he has in the past. he has been criticized by many, including me on occasion for give ago way the store. >> from his left. >> from his left. i mean but on his health-care bill, brought in farm aid, brought in all the drug companies and said okay, we're not going to invest with you. you support this. and gave away-- first the negotiations on the debt ceiling. the same thing, he was negotiating with medicare cuts right at the outset. and people say wait a minute, so here he comes in, he shows a little spine, a little steel, and this is what i said i was going to do, in the waive increases. they say wait, what about these medicare cuts. 9 only people that brought up medicare cuts were the republican was talked about obama was going to cut $716 billion so now we're in a situation where nobody wants his or her fingerprints on the medicare cuts. >> uh-huh. >> okay. the medicare cuts, i can assure you, and this is going to upset a lot of people, will appear in the negotiations. they will be-- paternity will be
i think barack obama is showing a different side of negotiation than he has in the past. he has been criticized by many, including me on occasion for give ago way the store. >> from his left. >> from his left. i mean but on his health-care bill, brought in farm aid, brought in all the drug companies and said okay, we're not going to invest with you. you support this. and gave away-- first the negotiations on the debt ceiling. the same thing, he was negotiating with medicare cuts...
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they say the only way to a palestinian state it is through direct negotiations. we all know that has not worked in the past years, especially the obama administration. the administration has failed, actually, to do anything for the peace process, and some are hoping it might change with the new administration. secretary clinton is leaving, and there are hopes that may be things will pick up again with her successor. >> thanks for the update. >> now for the view from jerusalem, let's cross over to our correspondent who is standing by for us there. the israeli prime minister has condemned the palestinian move. can you tell us more about how israel views this? >> i think israel is concerned that through this upgrade, palestinians could challenge israel legally and diplomatically now. in past weeks, we have heard the israeli government saying that this is a unilateral move that violates the oslo court, that the house indians are aiming to join the international criminal court, and it preempts the united nations. i think for israel right now, the concern is on the dip
they say the only way to a palestinian state it is through direct negotiations. we all know that has not worked in the past years, especially the obama administration. the administration has failed, actually, to do anything for the peace process, and some are hoping it might change with the new administration. secretary clinton is leaving, and there are hopes that may be things will pick up again with her successor. >> thanks for the update. >> now for the view from jerusalem, let's...
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. >>> president obama made the opening bid in the fiscal cliff negotiation sending his plan to capitol hill on thursday. $1.6 trillion in tax hikes and $50 billion in new spending. but house republicans, surprise-surprise, say democrats aren't being serious. >> the president has warned us about the dangers of going over the fiscal cliff. but his actions have not matched his public statements. members of his own party seem quite comfortable sending the economy over the fiscal cliff. >> let's bring in our friday gaggle, associate editor and columnist for the hill amy stoddard, danielle gibbs, and columnist for bloomberg view and national review and one of the funnier people on twitter and he did not pay me to say that but i will start with you. so we kind of feel like we're back to square one. should republicans having seen them lose the presidency by a wider margin than many people thought lose seats in the senate which i don't think almost anybody -- unless you're a loyal democrat thought, and lose seats, though, to keep control of the house three and a half weeks ago. should they be m
. >>> president obama made the opening bid in the fiscal cliff negotiation sending his plan to capitol hill on thursday. $1.6 trillion in tax hikes and $50 billion in new spending. but house republicans, surprise-surprise, say democrats aren't being serious. >> the president has warned us about the dangers of going over the fiscal cliff. but his actions have not matched his public statements. members of his own party seem quite comfortable sending the economy over the fiscal...
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get a grip and stop negotiating with president obama. good advice. they are the majority. they're not the minority. >> good plan. >> stephanie: he told republicans don't need to form a surrender caucus. he said there is no fiscal cliff. it's absolute total nonsense. he's obviously-- >> crazy. >> stephanie: the first guy you want advice from. the guy who shut the government down, do you remember? then they lost in landslides because of that guy there. okay dan in chicago. hi dan. hello dan. dan, dan, going once, how about garth in washington. hi garth. >> caller: hi, stephanie how are you today? >> stephanie: good, go ahead. >> caller: i'm a boy here in washington, and we're going over this cliff, but i think the cliff was passed a long time ago. what is wrong with the flat tax where everybody paid the same. i don't know enough about it, but nobody speaks of that. also-- >> stephanie: you're talking about the steve forbes, he's the one who brings that up every year. i know it sounds simple. a lot of times things that sound simple are not necessarily the best idea. >> it wou
get a grip and stop negotiating with president obama. good advice. they are the majority. they're not the minority. >> good plan. >> stephanie: he told republicans don't need to form a surrender caucus. he said there is no fiscal cliff. it's absolute total nonsense. he's obviously-- >> crazy. >> stephanie: the first guy you want advice from. the guy who shut the government down, do you remember? then they lost in landslides because of that guy there. okay dan in chicago....
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public is likely to blame republicans if negotiations blow up and the new year begins with a fiscal disaster. the facts didn't stop speaker boehner from claiming the white house is holding up negotiations. >> majority leader and i just had a meeting with the treasury secretary. it was frank, and it was direct. i was hopeful we'd see a specific plan for cutting spending. >> the treasury secretary's proposal seems pretty specific. it even includes $400 billion in specific cuts. but john boehner sees something different. >> we know what the menu is. what we don't know is what the white house is willing to do to get serious about solving our debt crisis. >> so what is this all about? i mean, i guess john boehner has his own definition of specifics. according to the john boehner dictionary, specifics means, having all the attributes john boehner agrees with and nothing he doesn't like. keep in mind, this is the same boehner who said $38 billion in cuts was the largest real dollar spending cut in american history. when boehner got those cuts last year, he called himself a pretty happy man
public is likely to blame republicans if negotiations blow up and the new year begins with a fiscal disaster. the facts didn't stop speaker boehner from claiming the white house is holding up negotiations. >> majority leader and i just had a meeting with the treasury secretary. it was frank, and it was direct. i was hopeful we'd see a specific plan for cutting spending. >> the treasury secretary's proposal seems pretty specific. it even includes $400 billion in specific cuts. but...
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the-board budget cuts would take effect. >>> little is being said about the meeting between president obama and mitt romney. the two had lunch at the white house yesterday their first face-to-face encounter since their final presidential debate. the media were kept away from the private get-together. white house officials say the two discussed u.s. leadership in the world and promised to stay in contact. >>> united states supreme court is due veal today whether it will take up california's same- sex marriage debate. this afternoon the court is due it reveal a list of cases it plans to review. if the prop 8 case is on the list it would likely be decided next summer. but if the justices opt not to hear it, the appeals court ruling against prop 8 would stand. >> if the court denies the appeal and marriages resume it's a historic day in california. if the court hears the case, we believe we'll have that huge historic day. it will just take place a little farther down the road next june. >> meanwhile prop 8 supporters say if their appeal fails it would go against the wilf the california voters.
the-board budget cuts would take effect. >>> little is being said about the meeting between president obama and mitt romney. the two had lunch at the white house yesterday their first face-to-face encounter since their final presidential debate. the media were kept away from the private get-together. white house officials say the two discussed u.s. leadership in the world and promised to stay in contact. >>> united states supreme court is due veal today whether it will take up...
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that is a very long time for them to negotiate and come up with a deal. >> and, jason, president obama is returning to a tactic that he's used in the past. he's taken the pitch on taxes directly to the american people in a trip to pennsylvania today. house speaker john boehner not so happy about it. let's listen for a minute -- >> listen, this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign-style rallies and one-sided leaks in the press are not the way to get things done here in washington. >> well, republicans are reportedly planning their own fiscal cliff pr campaign designed to show that the democrats are simply digging in, they're being stubborn, election is over, shouldn't both sides be focused on doing the job they were elected to do. how do you see it? >> look, you're going to have a bunch of rallying on both sides and some of this is theatrics. it's christmastime. you know how you tell your kids you have to be really good or santa's not going to give you what you want but you know you will buy them th
that is a very long time for them to negotiate and come up with a deal. >> and, jason, president obama is returning to a tactic that he's used in the past. he's taken the pitch on taxes directly to the american people in a trip to pennsylvania today. house speaker john boehner not so happy about it. let's listen for a minute -- >> listen, this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign-style rallies...
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so we need to get credit for that and these negotiations that take place. >> so democrats want credit for cutting a billion dollars when -- >> he meant a trillion dollars. >> and obama has put together a deal that proposes more spending, 400 billion in unspecified cuts that will be named later apparently. i thought the president wanted a balanced package. what's balanced about 4:1 tax hikes to spending cuts? >> well, first let me say harry misspoke. he meant that they've already done a trillion dollars in cuts in the last resolution and those play out over the next ten years. and that's correct. that's a fact. and the president has said consistently both on the campaign trail and after the election that he's for something on the lines of simpson-bowles which is at least 2.5:1 spending cuts to taxes. and i think he laid out the 400 and then said to the republicans you bring me other cuts and i'll consider them. and i think he understands that there will be significantly more spending cuts including on entitlements than there are taxes. >> so this is an opening point. >> an opening gamb
so we need to get credit for that and these negotiations that take place. >> so democrats want credit for cutting a billion dollars when -- >> he meant a trillion dollars. >> and obama has put together a deal that proposes more spending, 400 billion in unspecified cuts that will be named later apparently. i thought the president wanted a balanced package. what's balanced about 4:1 tax hikes to spending cuts? >> well, first let me say harry misspoke. he meant that they've...
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boehner/obama dynamic before. the lessons from that weren't universally positive. >> you have to keep at it. that's what the american people expect of everybody in washington to sit down and work together and work this thing out and not use other people to be your spokesperson and trying to work out negotiation. the president needs to be here in washington, d.c. in the conference room working out this problem. that's what he was elected to do. >> clearly he will be in pennsylvania and watching that as well. congressman, thank you for your time. >> thank you for having me. appreciate it. >> congressman jim gerlach. >>> coming up next, rick santelli is champing at the bit today so we moved up santelli exchange an hour earlier. don't miss his take on costco. >> we have an exclusive interview with goldman sachs chief u.s. equity strategist david kostin. he thinks the market will rise 12% next year. he'll give you his five best investment ideas. stay with us. if you are one of the millions of men who have used androgel
boehner/obama dynamic before. the lessons from that weren't universally positive. >> you have to keep at it. that's what the american people expect of everybody in washington to sit down and work together and work this thing out and not use other people to be your spokesperson and trying to work out negotiation. the president needs to be here in washington, d.c. in the conference room working out this problem. that's what he was elected to do. >> clearly he will be in pennsylvania...
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needle on these negotiations. willie? >> kristen welker at the white house. david gregory, moderator of "meet the press." good morning. >> good morning. >> if looking for reason to be optimistic a deal will be done, yesterday was not your day. by most accounts, treasury secretary tim geithner laughed off capitol hill literally by mitch mcconnell, john boehner says the white house offer is not serious. is this a breakdown in negotiation or the first steps in what will be a month of negotiation? >> the worst thing to watch on capitol hill is the progress of the negotiations because it is going to be a lot of huffing and puffing on both sides, posturing. the white house feels the president is in a very strong position to play the high cards in terms of tax increases, that's what he wants, that's what the american people said they wanted. look at the exit poll, the president feels that confidence. on the other side, the president feels they have room to push hard against tax increases being too large. we are a long wa
needle on these negotiations. willie? >> kristen welker at the white house. david gregory, moderator of "meet the press." good morning. >> good morning. >> if looking for reason to be optimistic a deal will be done, yesterday was not your day. by most accounts, treasury secretary tim geithner laughed off capitol hill literally by mitch mcconnell, john boehner says the white house offer is not serious. is this a breakdown in negotiation or the first steps in what will...
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in fact, the republicans are saying this is just president obama campaigning. they're angry that he's off selling this proposal to the public instead of sitting down at the table with them and negotiating back in washington. it's a great shot, though, to watch marine one take off regardless of how you feel about it. dan lothian gets to watch it's a regular basis. >> reporter: i do. >> he's on the lawn right now. you did. he's off and running and a lot of people are angry about it, dan, saying it's not the time to sell it to the public. that's a tactic. but let's get to the nuts and bolts about it. $1.6 trillion in new taxes, it doesn't ever sit well, but there are versions of this, there are elements to it. break it down. >> reporter: right, $1.6 trillion new taxes in over 10 years and republicans saying they're surprised by this because they felt that what the president was putting out there was half of that, and just a short time ago josh ernest, a deputy white house spokesman in a gaggle of reporters that he's saying he's surprised that republicans are surpr
in fact, the republicans are saying this is just president obama campaigning. they're angry that he's off selling this proposal to the public instead of sitting down at the table with them and negotiating back in washington. it's a great shot, though, to watch marine one take off regardless of how you feel about it. dan lothian gets to watch it's a regular basis. >> reporter: i do. >> he's on the lawn right now. you did. he's off and running and a lot of people are angry about it,...
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i do believe, martin, there are negotiations going on behind the scenes that we can't see and that we're not getting all the details about. as you heard president obama mention in his first press conference, one of his goals in this second term is really to do a better job at reaching out to members of congress, could congressional leaders. we know he's been in contact with them for the past several days. we don't have any specific phone calls scheduled, but i am told they will continue throughout the weekend and in the coming days. ja let's hope so. thanks so much, kristin welker. >> reporter: thank you. >> we'll be right back. >> let's. thanks so much, kristin welker. >> reporter: thank you. >> we'll be right back. ♪ [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or
i do believe, martin, there are negotiations going on behind the scenes that we can't see and that we're not getting all the details about. as you heard president obama mention in his first press conference, one of his goals in this second term is really to do a better job at reaching out to members of congress, could congressional leaders. we know he's been in contact with them for the past several days. we don't have any specific phone calls scheduled, but i am told they will continue...
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to president obama and house speaker john boehner. do you think it helps or hurts that key lawmakers like yourself seem to be left out of this deal making? >> well, i'm in constant consultation with secretary geithner, with the white house, and meeting with congress, and the chairman of the house, meet with reed very off. there's a lot of conversations going on where i gave my views, and learn, and so there are more people involved. >> now this is really coming down to, as is no surprise, the issue of tax rates, will republicans agree to raising tax rates on the wealthy as president obama made clear. are you willing to go over the fiscal cliff if republicans do not agree that that? >> i think if there is no agreement whatsoever, the president has probably no choice but to say, okay, we're going to go over the cliff. that would no be my first preference. my first preference is that as we get closer to the cliff, that we find an agreement that makes some sense, so we don't have to go over it. if we don't go over,'re entering very unchar
to president obama and house speaker john boehner. do you think it helps or hurts that key lawmakers like yourself seem to be left out of this deal making? >> well, i'm in constant consultation with secretary geithner, with the white house, and meeting with congress, and the chairman of the house, meet with reed very off. there's a lot of conversations going on where i gave my views, and learn, and so there are more people involved. >> now this is really coming down to, as is no...
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peter: president obama and john boehner in front of cameras to make their cases in the battle over the fiscal cliff. the speaker said he is willing to move forward with negotiations in good faith after republicans rejected the president's first formal offer yesterday as being short on spending cuts, but it doesn't sound like anyone has put the brakes on the road to the coin. >> let's not kid ourselves. i am not trying to make this more difficult. i have been very guarded. i don't want to make it harder for me or the president or members of both parties to find common ground. >> this is not some run-of-the-mill debate, not about which political party can come out on top in negotiations and all of us get out of our comfort zones to make that happen. i am willing to do at and i am hopeful enough members of congress in both parties are willing to do that as well. >> the president's plan repeat his demand for $1.6 trillion over ten years on families making $250,000 a year and includes $400 billion in cuts, savings in medicare and medicaid and other entitlements over the same period. the pre
peter: president obama and john boehner in front of cameras to make their cases in the battle over the fiscal cliff. the speaker said he is willing to move forward with negotiations in good faith after republicans rejected the president's first formal offer yesterday as being short on spending cuts, but it doesn't sound like anyone has put the brakes on the road to the coin. >> let's not kid ourselves. i am not trying to make this more difficult. i have been very guarded. i don't want to...
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Nov 30, 2012
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what's the next move for the obama administration? we're going to talk to harvard economics progresser ken rogoff. >> we know the identity of at least one of the two big powerball jackpot winners. we'll take you to mark hill's hometown dearborn missouri coming up. bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. no, no, no, stop! humans -- one day, we're coming up with the theory of relativity, the next... stop, stop, stop! my car! not so much. but that's okay. you're covered with great ideas like optional better car replacement from liberty mutual insurance. total your car, and we give you the money to buy one a model year newer. learn about it at libertymutual.com. liberty mutual insurance. responsibility -- what's your policy? a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says h
what's the next move for the obama administration? we're going to talk to harvard economics progresser ken rogoff. >> we know the identity of at least one of the two big powerball jackpot winners. we'll take you to mark hill's hometown dearborn missouri coming up. bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. no, no, no,...